Stocks to Watch: HPQ, UNH, NFLX & More

Hewett-Packard - UBS analyst Steve Milunovich says Hewlett-Packard should break itself up, with one entity for PCs and printers and another for enterprise. He said CEO Meg Whitman's operational improvements won't be enough to realize full shareholder value.

UnitedHealth Group - The newest Dow component is combining with Brazil's largest health care company, Amil. UnitedHealth will pay $4.3 billion in cash for 90 percent of Amil in a deal the company says will be slightly accretive to earnings in 2013. Separately, it also says it sees third-quarter earnings of at least $1.45 per share, compared to current analyst estimates of $1.25.

Netflix - Morgan Stanley has upgraded the stock to "overweight" from "equalweight," saying it doesn't see Amazon.com's video service as a direct threat, and that the value of just Netflix's domestic business justifies its current valuation.

TPC Group - The petrochemical processor has received a nonbinding proposal to be acquired by Innospec for $44 to $46 in cash. TPC had previously agreed to be acquired by First Reserve and S.K. Capital Partners for $40 a share. It expects the new bid to result in a "superior proposal" from First Reserve and S.K. Capital.

Apple - Supplier Foxconn Technology Group denied reports of a work stoppage at a China assembly plant that makes the iPhone 5. Foxconn says there were two disputes between assembly line workers and quality control personnel, but production did not stop.

Facebook - The company is reportedly planning to cut in half a $3 billion credit line that it had arranged prior to its initial public offering in May. The Wall Street Journal says this is because Facebook’s sharply reduced stock price means it doesn’t need as much money to pay taxes associated with the vesting of employee shares.

Dish Network, Gannett - The two sides are extending negotiations to resolve a fee dispute. An existing deal under which Dish airs Gannett TV stations in 19 cities was originally set to expire at 2 a.m. ET this morning.

Wal-Mart Stores , American Express - Wal-Mart and Amex are set to make a joint financial-services-related announcement this morning at 8:30 a.m. ET, though details have not been disclosed.

Cablevision, Comcast, Time Warner Cable - The Federal Communications Commission decided to let rules involving program access expire. Those rules had required cable companies that owned programming to make it available to rival distributors like satellite companies.

BlackRock - Citi has upgraded the investment firm's shares to "buy" from "neutral."